Hunting for Leopards : Long Run Country Income Dynamics in Africa

This paper examines the country-level dynamics of long-run growth in Africa between 1975 and 2005. The authors examine how growth has affected mobility and the distribution of income among countries. They analyze changes in cross-country income st...

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Bibliographic Details
Main Authors:	Arbache, Jorge Saba, Page, John
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ANNUAL GROWTH AVERAGE ANNUAL AVERAGE GROWTH AVERAGE GROWTH RATE AVERAGE GROWTH RATES AVERAGE INCOME BENCHMARK CAPITA GROWTH CAPITA INCOME GROWTH CONVERGENCE HYPOTHESIS CORRELATION COEFFICIENTS COUNTRY GROWTH PERFORMANCE COUNTRY INEQUALITY COUNTRY LEVEL CROSS-COUNTRY INCOME CUMULATIVE POPULATION DESCRIPTIVE STATISTICS DEVELOPMENT ECONOMICS DEVELOPMENT INDICATORS DEVELOPMENT OUTCOMES DYNAMIC BEHAVIOR ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC DECLINE ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC PERFORMANCE ECONOMIC RECOVERY ECONOMIC REVIEW ECONOMICS RESEARCH ESTIMATED COEFFICIENT ESTIMATED COEFFICIENTS EXTERNAL SHOCKS FIRST YEAR GDP GDP PER CAPITA GROWTH ACCELERATION GROWTH ACCELERATIONS GROWTH DATA GROWTH DYNAMICS GROWTH MEAN GROWTH PERFORMANCE GROWTH PERIOD GROWTH PERSISTENCE GROWTH POTENTIAL GROWTH RATES GROWTH STANDARD DEVIATION GROWTH VOLATILITY GROWTH_MEAN HIGH GROWTH HIGH VOLATILITY INCOME INCOME CONVERGENCE INCOME DISTRIBUTION INCOME GROUPS INCOME GROWTH INCOME INEQUALITY INCOME PER CAPITA INCREASE IN INCOME INCREASING GROWTH INCREASING INCOME INEQUALITY INDIVIDUAL COUNTRIES INTERNATIONAL MONETARY FUND LEVEL OF INCOME LONG RUN LONG-RUN GROWTH LONG-TERM GROWTH LOW INCOME MEAN GROWTH MIDDLE EAST MIDDLE INCOME MONETARY ECONOMICS NATURAL RESOURCES NEGATIVE GROWTH NORTH AFRICA OIL EXPORTER OIL EXPORTERS PER CAPITA GROWTH PER CAPITA INCOME PER CAPITA INCOME LEVELS PER CAPITA INCOMES POLICY RESEARCH POOR COUNTRIES POOR COUNTRY PURCHASING POWER PURCHASING POWER PARITY RAPID GROWTH RATE OF GROWTH REAL INCOME REGIONAL LEVEL RELATIVE INCOME REMITTANCES RESOURCE ENDOWMENTS RICH COUNTRIES RICH ECONOMIES RISING INEQUALITY STAGNATION STANDARD DEVIATION STRUCTURAL BREAK SUB-SAHARAN AFRICA VOLATILITY WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2008/09/9840056/hunting-leopards-long-run-country-income-dynamics-africa http://hdl.handle.net/10986/6998

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Summary:	This paper examines the country-level dynamics of long-run growth in Africa between 1975 and 2005. The authors examine how growth has affected mobility and the distribution of income among countries. They analyze changes in cross-country income structure and convergence, and look for evidence of the formation of country groups or "clubs." Using a novel method of breaking up the growth histories of African economies into medium-term spells of growth accelerations and declines, the authors investigate whether a group of African "leopards" - the regional equivalent of Asia's "tigers" - is beginning to emerge.

Hunting for Leopards : Long Run Country Income Dynamics in Africa

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